Rural Telephone Supplemental Financing: Hearings Before ..., 91-1 on H.R. 7, H.R. 81,H.R. 4020, H.R. 4192, and H.R. 7872, February 19, 20, 21 , and March 13, 19691969 - 119 pages |
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Page 38
... subsidy . So this is an additional subsidy . I want to be sure that is understood . It is not going to do away with the old program . It is not going to save the Government any money at all . It is going to provide and it would provide ...
... subsidy . So this is an additional subsidy . I want to be sure that is understood . It is not going to do away with the old program . It is not going to save the Government any money at all . It is going to provide and it would provide ...
Page 44
... subsidy loans when the affected businesses cannot possibly afford to pay higher in- terest rates without seriously impairing their own financial condition and the economic development of the community served . Next , let me turn to the ...
... subsidy loans when the affected businesses cannot possibly afford to pay higher in- terest rates without seriously impairing their own financial condition and the economic development of the community served . Next , let me turn to the ...
Page 51
... subsidy or charge of subsidy from the bank legislation . Only one who completely misunderstood the legislation could relate subsidy to the intermediate interest rate , because as I pointed out earlier , the Government's cost is provided ...
... subsidy or charge of subsidy from the bank legislation . Only one who completely misunderstood the legislation could relate subsidy to the intermediate interest rate , because as I pointed out earlier , the Government's cost is provided ...
Page 54
... subsidies . The proposed bank is pat- terned after the Federal Land Banks , which have successfully operated for more than 50 years and have long since reimbursed the Treasury for all government investments , and become totally borrower ...
... subsidies . The proposed bank is pat- terned after the Federal Land Banks , which have successfully operated for more than 50 years and have long since reimbursed the Treasury for all government investments , and become totally borrower ...
Page 61
... subsidies that have been exploited and abused in the traditional 2 - percent program . Any redirection of the program at this time should eliminate all opportunities for such abuses . The basic act should be revised to bring it up to ...
... subsidies that have been exploited and abused in the traditional 2 - percent program . Any redirection of the program at this time should eliminate all opportunities for such abuses . The basic act should be revised to bring it up to ...
Expressions et termes fréquents
2-percent money 90th Congress ABERNETHY Admiral Mott amendment amount Arkansas bank loans BELCHER BURLISON CHAIRMAN Class A stock co-ops Congress Congressman corporation cost of money debentures directors Edison Electric Institute eight-party entities Farm Credit Farm Credit Administration farm credit system Federal Fullarton funds going GOODLING Government HAMIL HARRIS hearings independent telephone interest rate intermediate loan investment KLEPPE legislation loan applications LYNN O'Konski operation panies percent PETERSON Poage present President Public Service Commission question RARICK REA Administrator REA borrowers REA telephone borrowers REA telephone program represent rural America rural areas Rural Electrification Act Rural Electrification Administration rural telephone account Rural Telephone Bank rural telephone program rural telephone service rural telephone systems section 201 statement subscribers subsidy supplemental financing TEAGUE tele Telephone Bank Board telephone cooperatives telephone service testimony Thank tion Treasury United utilities vote ZWACH
Fréquemment cités
Page 7 - Interest on loans made under this section shall be at a rate not less than (i) a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans adjusted to the nearest one-eighth of 1 per centum, plus (ii) an allowance adequate in the judgment of the Secretary of Transportation to cover administrative costs and...
Page 7 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 4 - ... shall be guided by the policy of making payments not in excess of the taxes which would have been payable upon such property in the condition in which it was acquired.
Page 4 - States in collecting debts from bankrupt, insolvent, or decedents' estates; to determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid...
Page 11 - Congress that adequate telephone service be made generally available in rural areas, through the improvement and expansion of existing telephone facilities and the construction and operation of such additional facilities as are required to assure the availability of adequate telephone service to the widest practicable number of rural users of such service.
Page 9 - Act of 1936, as amended, is repealed. (b) Section 201 of the Rural Electrification Act of 1936, as amended, is amended by inserting ", to public bodies now providing telephone service in rural areas", immediately after the word "areas...
Page 6 - Provided, That the minimum amount of class A stock that shall be retired each year after said date and after the amount of class A and class B stock issued totals $400,000,000, shall equal the amount of class B stock sold by the telephone bank during such year.
Page 5 - Board shall prescribe bylaws, not inconsistent with law, regulating the manner in which the telephone bank's business shall be conducted, its directors and officers elected, its stock issued, held, and disposed of, its property transferred, its bylaws amended, and the powers and privileges granted to it by law exercised and enjoyed. (h...
Page 48 - The CHAIRMAN. Are there any other questions? If not we are very much obliged to you, Doctor.
Page 6 - ... consist of capital subscribed by the United States, by borrowers from the telephone bank, by corporations and public bodies eligible to become borrowers from the telephone bank, and by organizations controlled by such borrowers, corporations, and public bodies. Beginning with the fiscal year...